Singapore, Singapore, 30th March, 2023, Chainwire
Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability.
Without Core’s advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism known as Satoshi Plus, which marries the decentralization and security of Bitcoin’s Proof of Work (PoW) with the scalability of Delegated Proof of Stake (DPoS).
With Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hash power and staked CORE to a decentralized set of validators. With Bitcoin’s decentralization and DPoS’ scalability, validators on Core can securely and quickly produce blocks and validate transactions. Given this ingenious synthesis of blockchain principles, Core DAO contributors must now be considered thought leaders in blockchain innovation.
Continuing to leverage the best features of all blockchains, Core is also EVM-compatible, allowing for the easy implementation of smart contract applications from Ethereum-based chains. The choice of EVM-compatibility, like other Core design choices, results from years of research into the trade-offs of other chains. This student-like approach allows Core to embody the essence of blockchain philosophy centered on decentralization and freedom.
Inspired by philosophy and innovation, Core’s massive and enthusiastic community constitutes over 1.7 million followers on Twitter and over 239,000 members on Discord. Carrying over to on-chain activity, the recent CORE token airdrop was received by over 1.2 million participants, making it one of the largest smart contract interactions of all time. Looking forward, Core’s recent integrations with top-tier projects like Layer Zero are sure to lead unparalleled ecosystem development as more projects continue to see the Core opportunity.
With leading builders, a growing community, and a groundbreaking consensus mechanism, Core is rising to revolutionize the blockchain space.
About CoreDAO
CoreDAO is a new independent blockchain powered by Satoshi Plus, an innovative consensus mechanism that directly leverages the Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM) to power an optimally decentralized, secure, and scalable web3. Core DAO’s genesis and inspiration come from Bitcoin and Ethereum, but its ambition travels beyond those blockchain titans.
Contact
PR in charge
Antonio Wu
MEXC Global
[email protected]
The British Treasury is set to pass legislation to back a framework for cryptocurrency promotion later in the year, it announced on Twitter on Tuesday.
The news comes after the Government published a draft amendment of the Financial Services and Markets Act (FSMA) on Monday.
Lawmakers will expand powers for the Financial Conduct Authority (FCA) to monitor and regulate cryptocurrency companies under the FSMA.
The Government said in its tweet it hopes to protect investors and consumers from “misleading crypto asset promotions.”
It tweeted on Tuesday: “Yesterday the Government laid legislation to safeguard against misleading cryptoasset promotions. Subject to parliamentary time & approval, this measure will likely be in force by late 2023 & apply to all cryptoasset promotions made to UK consumers from the UK or abroad.”
Additionally, the FSMA will also provide a limited-time exemption for cryptocurrency firms registered with the FCA to self-approve ads. Currently, cryptocurrency enterprises can not approve their own ads.
Fees for third-party firms to approve crypto ads cost from £5,000 to £15,000 depending on the proposals.
The news comes as the United Kingdom debated a potential framework for incorporating cryptocurrencies and digital assets in the British economy.
Whitehall also plans to provide support for a central bank digital currency (CBDC) to offer consumers and investors alternatives to cash, it was reported earlier this month.
Gemini, the cryptocurrency exchange founded by identical twins Tyler and Cameron Winklevoss, has planned to open a global crypto derivatives exchange.
According to a report from The Information, the platform will sell perpetual futures, widely considered high-risk assets and banned in the United States for retail traders.
The futures are derivatives that do not expire and can potentially trade with significant leverage.
The report continued that Gemini had contacted trading firms to collaborate for potential foreign operations, sources told The Information.
Several major events have kicked off in the US, namely after Binance, Coinbase, CoinEx, Kraken, and many others have faced intense scrutiny from federal and state regulators.
Authorities from the Securities and Exchange Commission, the Commodity Futures Trading Commission (CFTC), and New York Attorney General (NYAG) have filed lawsuits against the companies for allegedly selling unregistered securities.
The news could see numerous firms search for overseas headquarters for their main operations to circumvent US law.
Gemini slammed the SEC in recent months after the latter sued his company for its business with now-defunct crypto exchange platform Genesis. The SEC accused Gemini of selling unregistered securities linked to its Earn programme, which allowed holders to earn exclusive benefits and interest rates.
Arbitrum’s Twitter account was suspended on Monday due to a reported error in its account.
Twitter reinstated the Ethereum rollup platform’s account hours after the incident.
A representative of the Arbitrum Foundation said that Twitter Support told him that there were “systems that find and remove multiple automated spam in bulk.”
The company’s account had been “flagged as spam by mistake.”
The news comes just a week after Arbitrum rolled out its novel governance token. Cybercriminals used spoofing tactics to phish for investors funds amid the token launch.
Twitter had been “consistently awful” with tackling scam accounts despite Arbitrum’s account being temporarily suspended, Scroll developer Togrhul Mahararramov said in a Twitter post.
He said: “Instead of suspending all the scam Arbitrum accounts, Twitter decided to solve the problem once and for all – suspend the actual Arbitrum account… I’ll give props to Twitter. They are consistent… consistently awful.”
Cryptocurrency king Bitcoin (BTC) nosedived to less than $27,000 following a United States Commodity Futures Trading Commission (CFTC) lawsuit against the world’s biggest crypto exchange.
Binance and company founder Changpeng Zhao face charges from the US agency, who cited allegations the crypto exchange had violated US law by offering unregistered derivatives.
Following the news, trading data revealed, BTC fell to fresh lows at roughly $26,525 USD. Numerous cryptocurrencies such as Ether (ETH) and BNB Chain fell to $1,703 and $310 USD the same period.
Responding to the complaint, Changpeng Zhao said: “Upon an initial review, the complaint appears to contain an incomplete recitation of facts, and we do not agree with the characterization of many of the issues alleged in the complaint. While we will only be able to give full responses in due time, we will address a few key points below.”
Binance-US Regulator Row
The CFTC filed the lawsuit in the US District Court of Illinois. The lawsuit is the latest in a major crackdown from the US regulator. Cryptocurrencies such as Binance USD (BUSD), Tether (USDT), BTC, Ether (ETH), and others were designated as commodities in the lawsuit.
Authorities, including those at the US Securities and Exchange Commission (SEC), have targeted numerous exchanges, including KuCoin, Coinbase, CoinEx, and many others for allegedly selling unregistered securities.
In recent months, US Financial Crimes Enforcement Network (FinCEN) have also claimed that Binance also had ties to Russian darkweb financing, sparking strong condemnation from the crypto platform.
Additional crackdowns on the cryptocurrency exchange include an SEC lawsuit against Paxos, which supplied BUSD, causing Coinbase to suspend trading the latter.
NVIDIA, a world-class chipmaker for graphical processing units (GPUs), said in a report that cryptocurrencies did not “bring anything useful for society.”
NVIDIA’s chief technology officer, Michael Kagan, told the Guardian that innovations using its processing technologies such as artificial intelligence (AI) programme ChatGPT were better than people mining cryptocurrencies.
He added: “All this crypto stuff, it needed parallel processing, and [Nvidia] is the best, so people just programmed it to use for this purpose. They bought a lot of stuff, and then eventually it collapsed, because it doesn’t bring anything useful for society. AI does.”
His comments come as numerous mining groups have begun using NVIDIA’s graphics cards to process cryptocurrencies. Continuing, he stated that ChatGPT allowed all users to create their own machines.
“You just tell it what to do, and it will. And if it doesn’t work the way you want it to, you tell it ‘I want something different’,” he added.
Continuing, Kagan explained that cryptocurrencies were similar to high-frequency trading, which he worked with at his former company Mellanox before NVIDIA bought out the firm.
He told the Guardian: “We were heavily involved in also trading: people on Wall Street were buying our stuff to save a few nanoseconds on the wire, the banks were doing crazy things like pulling the fibres under the Hudson taut to make them a little [bit] shorter, to save a few nanoseconds between their datacentre and the stock exchange.”
Concluding, he stated that he never believed that cryptocurrencies were “something that will do something good for humanity.”
“You know, people do crazy things, but they buy your stuff, you sell them stuff. But you don’t redirect the company to support whatever it is,” Kagan said.
The news comes after NVIDIA began restricting computing power to discourage people from mining Ethereum and allow customers to receive its GPUs for AI, gaming, and research. ChatGPT began on a supercomputer with roughly 10,000 graphics cards from the Santa Clara-based firm.
Group of Seven (G7) countries could see some of the world’s largest economies cracking down on cryptocurrency markets, a Kyoto News report found on Saturday.
The United States, United Kingdom, Japan, Canada, Germany, France, and the European Union are set to cooperate on boosting cooperation on transparency and consumer protection for crypto investors.
It also aims to tackle risks to global markets, the report added.
The annual summit will take place in Hiroshima in May and will host the nations in a bid to create a coordinated framework for crypto regulations.
Several nations, including South Korea, the European Union, Japan, and the United Kingdom have begun outlining their crypto regulations. The latter has created a tentative framework amid a bill introduced in Parliament, which aims to increase powers of the Financial Conduct Authority (FCA).
The UK also aims to create a central bank digital currency (CBDC) to diversify monetary options for investors, small and medium enterprises (SMEs), and others.
The G20 also announced similar measures in February at its annual meeting in India this year. Efforts involved massive organisations such as the International Monetary Fund (IMF), the Financial Stability Board (FSB), and Bank for International Settlements (BIS).
Toronto, Canada, 27th March, 2023, Chainwire
- Winkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea Drops
- Sphynx Ink Inc. comprises Oscar®-Nominated Filmmaker Adam Benzine (HBO’s Spectres of the Shoah) & BAFTA®-Winning Illustrator Dele Nuga (The BBC’s The Clangers)
- Non-PFP and non-generative, Winkles & Flam marks a radical new model for Digital Collectibles, with high-quality, hand-drawn illustrations & weekly/seasonal releases
- The first project to partner with Mint Foundry, the new Visual Metadata Editor from the team behind acclaimed ‘No Code’ NFT service Mintplex Labs
Canadian art collective Sphynx Ink Inc. is partnering with OpenSea’s exclusive “Drops” platform to launch Winkles & Flam, a ground-breaking Digital Collectibles project introducing the first cartoon duo of the web3 space.
Created by Oscar®-nominated filmmaker Adam Benzine and BAFTA®-winning illustrator Dele Nuga, Winkles & Flam – the ‘Cosplaying Canadian Kitties’ – are adorkable sibling Sphynx cats who dress up in homemade, video game-inspired outfits. A year in the works and featuring original, hand-drawn art, the project differs radically from current NFT projects. It is not a PFP (Profile Picture). Nor does it use generative elements.
Launching April 3 with weekly content drops, rather than all at once, Winkles & Flam will run for five seasons, with sets of hand-drawn images comprising a mix of free mint, fixed-price and auctioned offerings. Each set draws inspiration from an iconic video game, with an educational component – Winklepedia™ – focusing on the history of video games.
A Season Pass goes on sale today (March 27) exclusively via OpenSea Drops, limited to just 1,000 copies and guaranteeing buyers all 30 cards from Season 1.
Winkles & Flam is the first major project to use Mintplex Lab’s cutting-edge, visual metadata editor Mint Foundry, which allows creators to edit and update information in real-time, without coding knowledge.
Winkles & Flam Creator Adam Benzine says: “Winkles & Flam marks the start of ‘Phase 2’ of the Digital Collectibles space, focusing on original characters, narrative, quality and reliability, led by doxxed creators with a proven track record.
“The market has grown tired of low-quality, rug-pull pump-n-dumps and vaguely conceived, cash-grab metaverses. A steady stream of garbage profile pictures has turned off consumers. It’s time for something fresh.”
Winkles & Flam Co-Creator Dele Nuga adds: “We’re thrilled to partner with OpenSea Drops and grateful to the geniuses at Mintplex Labs for devising a solution for our unconventional release strategy. We believe Winkles & Flam will be the first of many projects to move to a character-based, weekly release strategy, focusing on personality, storytelling and community.”
Season 1 of Winkles & Flam launches on April 3 and runs for 10 weeks, with weekly free mint cards (featuring Winkles) and fixed-priced cards (featuring Flam) released on Polygon. Winkles & Flam: Platinum cards (unique 1-of-1s featuring the duo together in playful scenarios) will be auctioned daily on Ethereum. Check out winklesandflam.com for more info.
(NOTE: Winkles is the pink kitty with blue eyes. Flam is the grey kitten with green eyes.)
About Sphynx Ink Inc.
Founded by Oscar®-nominee ADAM BENZINE and BAFTA®-winner DELE NUGA, Sphynx Ink Inc. is the Toronto-based art collective behind WINKLES & FLAM™, The Cosplaying Canadian Kitties™!
LINKS:
Winkles & Flam on OpenSea Drops: opensea.io/collection/winklesandflam-seasonpass/drop
Winkles & Flam Official Site: winklesandflam.com
Winkles & Flam LinkTree: linktr.ee/winklesandflam
Winkles & Flam Creator Adam Benzine: en.wikipedia.org/wiki/adam_benzine
Mintplex Labs: mintplex.xyz
Contact
Press Enquiries
Sphynx Ink Inc.
[email protected]
Tallinn, Estonia, 27th March, 2023, Chainwire
Open-source blockchain D-Ecosystem has announced that it has raised $6M in funding ahead of its initial DEX offering (IDO). The public sale, scheduled to start on March 29, will mark the first phase of the DXC token sale.
Starting at 12 pm UTC on March 29, D-Ecosystem will initiate Phase 1 of its IDO. The event will run until April 30, during which time DCX will be available at a price of $0.50 per coin. Phase 2 will begin on May 1 and will run until May 31, when the price of DCX will be $0.70. The minimum purchase is 100 DCX and the maximum is 5,000,000 DCX.
To purchase DCX coins, users will be able to use wallets such as MetaMask, WalletConnect, or Coinbase wallet, and can participate through networks such as Ethereum, BSC, or Polygon using native tokens or USDT.
Encouraged by the $6M it has raised to date, D-Ecosystem is on a mission to build products that will make the complete blockchain space more secure and private. With a focus on security, transparency, and decentralization, D-Ecosystem aims to transform the blockchain landscape.
Zero security breaches, public records of transactions and user activity, and the distribution of decision-making power are among D-Ecosystem’s defining features. Products slated for development include the launch of D-Ecosystem’s own launchpad.
With its upcoming launchpad, D-Ecosystem will provide a valuable platform for new projects to launch their own coin and raise funds, furthering its commitment to fairness and inclusivity in the blockchain ecosystem. Its team is made up of experienced professionals with a wealth of knowledge and expertise in blockchain technology, giving D-Ecosystem a clear vision of what it wants to achieve.
D-Ecosystem offers a range of innovative products and services designed to empower individuals and organizations in the digital age. Key offerings include:
- DCX coin: the primary medium of exchange on the platform. DCX will provide users with access to various services including decentralized finance (DeFi), decentralized storage, and decentralized marketplace services
- D-Chain: Native blockchain platform with zero gas fees, lightspeed transactions, and high privacy with a built-in proof of innocence protocol to prevent money laundering and crime
- D-Wallet: a user-friendly wallet that allows individuals and organizations to securely store, send, and receive digital assets
- D-NFT: NFT marketplace
- D-Swap: A decentralized exchange (DEX) built on D-Chain with lottery and prediction game included
Other features under development include the D-Ecosystem Payment system (zero fees), the world’s first cross-chain IDO Launchpad, DUSD stablecoin, D-Messenger, D-P2P, D-Space, and D-Meta.
About D-Ecosystem
D-Ecosystem is a decentralized, open-source blockchain ecosystem including a public chain, own payments system, own DEX, wallet, NFT marketplace, and much more. It gives blockchain users the tools they need to transact securely and privately while accessing a range of powerful DeFi services.
For more information, visit:
Website | Twitter | Telegram | Telegram Announcements | Discord | Medium | Linkedin | YouTube | Facebook | Github
Contact
Press
[email protected]
Do Kwon, the Terraform Labs co-founder arrested on charges for defrauding investors, is set to appeal court decisions to extend his detention in Montenegro up to 30 days.
The executive’s legal representation confirmed the news of the appeal, local media Vijesti reported at the time. The decision comes after authorities detained him for using fake documents and passports at Podgorica airport while en route to Dubai, United Arab Emirates.
Montenegrin police extended his detention due to his potential to flee the country. Additionally, courts added that the foreign national’s identity had not been clearly identified, the report read.
The news comes after Kwon disappeared following the collapse of Terraform and its native token, Terra/Luna. After the crisis erupted, South Korean authorities suspected he had moved from Singapore, Serbia, and Dubai.
New York officials and the US Securities and Exchange Commission (SEC) also charged him with defrauding investors after his arrest in Montenegro on eight counts, including securities, wire, and commodities fraud.